Family Mart Exit Thailand

Japanese convenience store chain FamilyMart will withdraw from Thailand after its franchise agreement with local retailer Central Group ended in late May, opening the door for rival 7-Eleven to tighten its grip on the market.

The company announced the withdrawal on Thursday. Its roughly 200 stores in the Southeast Asian country will be converted to the Tops Daily brand, a Central Group-owned small supermarket chain, over the rest of the year.

FamilyMart ranked fourth in Thailand's convenience store market as of September 2022. In first place is 7-Eleven with more than 13,000 locations, or about 80% of the market, operated by major Thai conglomerate Charoen Pokphand Group under a franchise agreement.

FamilyMart entered Thailand in 1992 through a joint venture, opening its first store there in 1993.